Please see our 4H chart updated Goldturn levels, targets and our updated Goldturn channel.
Price finished off last week testing the channel top, just under the 1936 Goldturn, which is due a test.
1936 is a weighted level and will need a cross and lock above this level to open the range above. Failure to break above this level will see price test the channel half-line also inline with the retracement range for a re-test.
We will need to see the 1936 weighted structure break and lock to open the range above or a break and lock below the retracement range to open the swing range. Failure to lock below the retracement range will follow with a continuation above.
We will continue with our plans to buy dips and track the movement level to level using ema5 cross and lock on our updated Goldturn levels.
Our long term projection still remains Bullish.
BULLISH TARGETS 1936
EMA5 CROSS AND LOCK ABOVE 1936 WILL OPEN THE FOLLOWING BULLISH TARGETS 1948 1963
BEARISH TARGETS 1917 1899
EMA5 CROSS AND LOCK BELOW 1899 WILL OPEN THE SWING RANGE
SWING RANGE 1882
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
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